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updated —META Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding never covers this cost
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
−0.65%
7d Period Avg+9.06%
swing±24.12%
LONG Arcus · now
+4.16%
7d avg:−5.41%
SHORT Lighter · now
+3.51%
7d avg:+3.65%
Entry Spread Now
−2.518%
Against youL ask 639.4000 · S bid 623.3000−$251.80 at entry
24h range −0.39%…+0.34% · median +0.03%
Long pays every1hShort pays every1h
LONGmaker0%/taker0.022%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
+$10.06
+0.10%
$Avg Daily PnL
+$2.48
+0.0248%
★Best Day
+$6.56
Nov 9
◎Open Interest
Arcus$1.05M
Lighter$4.15M⚡Funding APR
+9.06%
annualized · funding only
⚠Execution Cost
−$7.31
entry + exit fees
⏱Payback
3.0d
to break even
◧24h Volume
Arcus$1.41MLighter$8.76MLoading Cumulative PnL…
How it works: Funding PnL is bucketed daily from real settlement history. Execution Cost = round-trip taker fees + live L2 orderbook slippage on both legs (−$7.31 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.